CASSIAR ASBESTOS C

Current:

ASSETS

Gashig a5 SUR ea se lg eal 9 ie Sai See a ee ie EE $ 770,281
Government of Canada securities — at cost (market value $199,120) 199,180
Accounts receivable: oto 222 ses Sr aS 970,950
Asbestos fibre — at cost (note 1) «1 464,392
@revstockpiled at. mill = at cost 2-5 = $ 832,820
Inventory of supplies valued at laid down cost 918,380
Prepaid expenses and deferred charges =

Investment in Territorial Supply Company Limited:

Shares (one-half the issued capital) at cost 0 25,000

INoteswreceivables = et ee eee pica been Mea tee one eee 250,000
Fixed:

Plant and equipment — cost _W-..--------- $ 9,270,617
Automotive equipment — cost 1,712,983
RAL SCO Eee Be reece 158,664
$11,142,264

Less accumulated depreciation ...........----------------_-_- 3,145,616 $7,996,648
Mining claims and properties acquired for issue of 925,000 shares and

thespaymentyofi$1 603478. ee 252,978
Incorporation expenses —

Exploration and development — deferred:

Expenditures to June 30, 1955 less amounts written off ___. eae 1593.47.33
Stripping costs since September 30, 1955, less amounts charged to

Production: ((note 2) i se ee 1,171,104
Mining claims held under option to purchase — at cost (note 3) —...... 120,885

Exploration and development thereon — deferred — 423,796

(Incorporated unde:

Balance Sheet—:

$ 3,404,803

1,751,200
56,055

$ 5,212,058

275,000

8,249,626

4,218

2,063,118

$15,804,020

The accompanying notes to the financial statements are an integr

Pace Six